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Yen volatility returns in MoF absence

FX Week staff

21 Jun 2004

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Market volumes have increased, said Takashi Kimori, deputy general manager of FX and treasury at Bank of Tokyo Mitsubishi in Tokyo, noting in particular that on a three-year timeframe, market participants are currently "very active".

Tohru Sasaki, chief FX strategist at JP Morgan Chase in Tokyo, said: "The market has returned to normal. It was skewed before because of the intervention, but now there is healthy volatility."

A dollar yen trader at UFJ Group in Tokyo added that the market is beha